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Property prices fell steeply, share prices in publicly listed companies collapsed and confidence was badly shaken in the emirate's ability to survive the crunch.
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In phase four, the economy slows from its peak rate of growth to zero growth.Over the past 30 years American stockmarkets have always fallen in phase one, as the economy slumped, but in phase two (when the economy is still contracting, but less steeply) shares have surged, with an average real gain of 36% at an annual rate.
In May 2017, two days before announcing a big chunk of the buybacks, the board okayed a pay plan in which he can purchase up to 1 million steeply discounted shares if the stock crosses $100, $125 or $150, at certain points between 2018 and 2021.
But the number who have no opinion of him has dropped steeply, while the share seeing Cain unfavorably has jumped from 27percentt in mid-October to today's 44percentt.
Loans have been climbing steeply as a share of the economy for four years, prompting foreign bank analysts to question the sustainability of an economic model based on ever more debt invested in a wide range of industries that are already facing overcapacity.
China has long been the largest source of foreign students enrolled in higher education globally, with its share rising steeply.
After its first-quarter miss, Snap's share fell steeply, erasing much of the company's post-IPO gains.
If they attempted to snag share by steeply cutting prices as Dell has done for the past several months they'd probably lose money on every box they sell.
Bank shares fell steeply, with Bank of America off 3.25 percent at $8.93.
Corus shares rose steeply on Friday in expectation of an increased offer from Tata to top CSN's 515p offer, which values Corus at £4.9bn.
But ownership has fallen steeply, and 27,000 fewer shared-ownership homes were built over the last five years than in the five years before that.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com